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Can Short-Term Rental Arrangements Increase Home Values? A Case for AirBNB and Other Home Sharing Arrangements

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dc.contributor.authorJefferson-Jones, Jamila
dc.date.accessioned2020-09-04T19:34:55Z
dc.date.available2020-09-04T19:34:55Z
dc.date.issued2015-06-01
dc.description.abstractThe sharing economy or “new economy”1 has redefined consumption in the housing context in a manner that impacts traditional notions regarding home values and neighborhood integrity. Housing sharing allows owners to share some of the benefits of property ownership – namely use and enjoyment2 – while shifting some of the burdens of ownership – particularly, the economic burdens. With the advent of the sharing economy, there is a brewing conflict between this new economy and the realities of economic regulation. Thus, in the housing context, we see this conflict playing out in the tension between growing patterns of home sharing and existing regulations that prohibit such sharing. Many state and local governments, relying on their inherent police powers, regulate short-term housing. In particular, certain land use legislation overtly prohibits occupation by short-term renters. One prominent justification for such prohibitions is the maintenance of property values and neighborhood character.
dc.description.legacydownloadsJefferson_Jones.pdf: 6149 downloads, before Aug. 1, 2020.
dc.identifier.other7157868
dc.identifier.urihttps://hdl.handle.net/1813/70756
dc.language.isoen_US
dc.rightsRequired Publisher Statement: © Cornell University. Reprinted with permission. All rights reserved.
dc.subjectCornell
dc.subjectreal estate
dc.subjectrental
dc.subjectshort-term
dc.subjectAirBNB
dc.subjecthome sharing
dc.subjectsharing economy
dc.subjectnew economy
dc.subjecthome values
dc.subjectproperty ownership
dc.subjecteconomic regulation
dc.subjectregulation
dc.subjectshort-term housing
dc.subjectland use regulation
dc.subjecthousing prohibition
dc.subjectvalue preservation
dc.subjectshort-term lease
dc.subjectlease
dc.subjectrenewal
dc.subjectlodging
dc.subjecttimeshare
dc.subjectinn
dc.subjecthotel
dc.subjecthousing cooperative
dc.subjectaffordability
dc.subjecthousing scarcity
dc.subjecttechnology
dc.subjectrestrictions
dc.subjectNew York City
dc.subjectSupreme Court
dc.subjectzoning restrictions
dc.subjectfull prohibition
dc.subjectgeographically-based restrictions
dc.subjectquantitative restrictions
dc.subjectproximity restrictions
dc.subjectoperational restrictions
dc.subjectlicensing requirements
dc.subjectcondemnation
dc.subjectinverse condemnation
dc.subjectregulatory takings
dc.subjectprivate property
dc.subjectconstructive taking
dc.subjectoccupancy
dc.subjecttaxation
dc.subjectpublic safety
dc.subjectneighborhood character
dc.subjectMultiple Dwelling Law
dc.subjectpermanent occupancy
dc.subjectAttorney General
dc.subjectEric Schneiderman
dc.subjectcommercial user
dc.subjectArun Sundararajan
dc.subjectCalifornia
dc.subjectCarmel-by-the-Sea
dc.subjecthotel revenue
dc.subjectlodging industry
dc.subjectmortgage
dc.subjectburden of homeownership
dc.subjectblight mitigation
dc.subjectcommunity character
dc.subjectproperty values
dc.titleCan Short-Term Rental Arrangements Increase Home Values? A Case for AirBNB and Other Home Sharing Arrangements
dc.typearticle
local.authorAffiliationJefferson-Jones, Jamila: Cornell University
schema.issueNumberVol.13

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CRER Vol. 13 (2015)